Nifty Weekly Analysis for Fed Rate Hike Week

Last week we gave Chopad Levels  of 7850 , Nifty opened below  Chopad levels, made high of 7825 and  short Intitated during first  were rewarded with  all three target done by Friday. Nifty made low of 7575 which was near 52 week low of 7539.Lets analyze how to trade market in coming week which will be volatile as FED Rate Hike will keep market on the edge.

Nifty Hourly Chart

nifty hourly

Nifty trading in pyrapoint angles in range of 270/315, break of any one of them will be see another move of 125 points so break of 7575 can lead to fall near 7400, holding 7575 can see move back to 7700

Nifty Harmonic

Nifty Harmonic SHARK Pattern will be formed if we go near 7550/7530 and close above it, Below that the pattern will FAIL/INVALIDATED.

Gann Swing

ABCD Pattern which will complete  PRZ is in range of 7237/7250, Pattern formation will gets activated once NIfty breaks and close below 7539.


Nifty Gann Angles

gann angles

Failed to Hold the Blue gann angle line can see fast and furious move towards 7400, bullish above 7700 only.

Nifty Supply and Demand

Supply Demand

Self explanatory chart of Weekly Supply and Demand zone is shown,Weekly close below 7560 can have serious implication with Nifty falling as low as 7118.

Nifty Gann Date

Nifty As per time analysis  17 Dec  is Gann Turn date , except a impulsive around this dates. Last week we gave 07/11 Dec Nifty saw a volatile move.

For Nifty traders who follow gap trading there are 15 trade gaps in the range of  7000-9000

  • 7067-7014
  • 7130-7121
  • 7276-7293
  • 7229-7239
  • 7454-7459
  • 7931-7912
  • 7864-7821
  • 7950-8005
  • 8327-8372
  • 8937-8891
  • 8251-8241
  • 8232-8209
  • 8116-8130

Fibonacci technique

Fibonacci Retracement

nifty ff

7539/7323  are levels to be watched in coming week.

Nifty Weekly Chart

NIFTY - Weekly Trendline

It was negative week, with the Nifty down by 171  points  closing @7610,breaking trendline and  closing below its 20 WEMA  and  55 WEMA and  100 WEMA .100 WEMA has supported last 6 time now now has failed suggesting beraish view till we do not go over it.  Another 1 week of pain can be seen as per time analysis.

Nifty Weekly Timeline

Trading Monthly charts

nifty monthly

Monthly chart took resistance @50% and suppot near 61.8% retracement line.

Nifty PE


Nifty PE @20.58 , Nifty is bouncing from 20.5-21 PE as seen in past instance.

Nifty Weekly Chopad Levels

Nifty Trend Deciding Level:7555

Nifty Support:7506,7430,7376

Nifty Resistance:7636,7685,7766


Levels mentioned are Nifty Spot

Let me go by Disclaimer these are my personal views and trade taken on these observation should be traded with strict Sl.Please also read the detailed Disclaimer mentioned in the Right side of Blog.

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  1. Rakesh said:

    Dear sir i want to know that gann boxes change ad per the market movment or market volatality

    December 13, 2015
  2. Bramesh said:

    Price to Earning Ratio

    December 13, 2015
  3. Aditya said:

    Sir..unable to understand nifty PE. Can you explain ?

    December 13, 2015
  4. Bramesh said:

    Thanks its Updated

    December 13, 2015
  5. Jitendar said:

    Sir, Nifty support and resistance levels are reversed. Please correct and thanks for all the analysis.

    December 13, 2015
  6. Harsha said:

    Dear Sir, support and resistance seems to be interchanged, pls check

    December 13, 2015

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